Author Archives: Scalper1

Microsoft gets ‘strong buy’ rating on cloud prospects

Microsoft (MSFT) has successfully shifted its business from PC software to cloud computing, Raymond James analyst Michael Turits said in a report Monday. Turits upgraded his rating on Microsoft stock to strong buy from market perform and set a price target of 62. Microsoft was up 1.5% to about 54.75 in afternoon trading on the stock market today. Earlier in the session, Microsoft stock reached 54.96, just below its all-time high of 54.98 on Nov.

Box Seen Reporting Narrower Fiscal Q3 Loss

Box (BOX) is expected to report a narrower fiscal Q3 loss despite higher product investments, with revenue growing 35%. The online data storage and file-sharing service provider reports earnings after the market close on Wednesday. Los Altos, Calif.-based Box’s stock is about even with its January IPO price. Shares in Box edged down about half a percent in the stock market today, to near 14 in afternoon trading. Box competes with Microsoft (MSFT)